Gold Prices January 2, 2014, Technical Analysis » Fx Empire Network

Gold Prices January 2, 2014, Technical Analysis » Fx Empire Network

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Gold markets had a back and forth session in the illiquid conditions for the last session of 2013. This isn’t much of a surprise though, and as a result we don’t really read too much into this candle. Nonetheless, gold market certainly look extraordinarily soft at the moment, so waiting for a rally that show signs of resistance is probably the way to start selling. On the other hand, if we managed break below the $1180 level on a daily close, we are more than willing to start selling this market and aiming for the $1000 level.

 

Gold Prices January 2, 2014, Technical Analysis

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Gold Prices January 2, 2014, Technical Analysis » Fx Empire Network

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